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Requirement 2. Describe each adjusting entry. For example, a. Prepaid rent expires, $1,150. Select the description that best describes each adjusting entry. The first entry has been completed for you. a. Prepaid rent expired, $1,150. b. C. d. e. f. 9.

Requirement 2. Describe each adjusting entry. For example, a. Prepaid rent expires, $1,150. Select the description that best describes each adjusting entry. The first entry has been completed for you. a. Prepaid rent expired, $1,150. b. C. d. e. f. 9.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. Worksheet - Accounts Title Cash Accounts Receivable Office Supplies Prepaid Rent Equipment Accumulated Depreciation - Equipment Trucks Accumulated Depreciation - Trucks Accounts Payable Utilities Payable Salaries Payable Interest Payable Unearned Revenue Notes Payable Macey, Capital Macey, Withdrawals Service Revenue Rent Expense Salaries Expense Supplies Expense Utilities Expense Depreciation Expense - Equipment Depreciation Expense - Truck Interest Expense Total Worksheet Unadjusted Trial Balance Debit $ 27,400 $ 6,700 $ 500 $ 2,300 $ 50,000 $114,000 $ 21,000 $ 9,200 $ 23,800 $4,600 $ $ Credit 3,800 300 Adjustments $ 84,000 Debit $ 3,500 $ 4,500 $3,200 $ 25,000 $141,900 $ 1,150 $ 7,200 $ 350 $ 1,300 $ 1,900 $ 300 Debit $ 27,400 $ 10,200 $ 350 $ 150 $ 1,150 $ 1,150 $ 50,000 $ 1,300 Credit $ 1,900 $ 7,200 300 SS $ $ 6,700 SENIL SSS is es SS Adjusted Trial Balance $ 21,000 $ $114,000 $ 10,350 $ 31,000 350 $ 4,600 1,300 $ 1,900 $ $ 300 Credit $ 1,300 $ 1,900 $ 3,800 300 $ $ 7,200 $ 300 $ 1,300 $ 25,000 $141,900 $ 90,700 $259,500 $259,500 $ 18,900 $ 18,900 $273,700 $273,700
Transcribed Image Text:1. Worksheet - Accounts Title Cash Accounts Receivable Office Supplies Prepaid Rent Equipment Accumulated Depreciation - Equipment Trucks Accumulated Depreciation - Trucks Accounts Payable Utilities Payable Salaries Payable Interest Payable Unearned Revenue Notes Payable Macey, Capital Macey, Withdrawals Service Revenue Rent Expense Salaries Expense Supplies Expense Utilities Expense Depreciation Expense - Equipment Depreciation Expense - Truck Interest Expense Total Worksheet Unadjusted Trial Balance Debit $ 27,400 $ 6,700 $ 500 $ 2,300 $ 50,000 $114,000 $ 21,000 $ 9,200 $ 23,800 $4,600 $ $ Credit 3,800 300 Adjustments $ 84,000 Debit $ 3,500 $ 4,500 $3,200 $ 25,000 $141,900 $ 1,150 $ 7,200 $ 350 $ 1,300 $ 1,900 $ 300 Debit $ 27,400 $ 10,200 $ 350 $ 150 $ 1,150 $ 1,150 $ 50,000 $ 1,300 Credit $ 1,900 $ 7,200 300 SS $ $ 6,700 SENIL SSS is es SS Adjusted Trial Balance $ 21,000 $ $114,000 $ 10,350 $ 31,000 350 $ 4,600 1,300 $ 1,900 $ $ 300 Credit $ 1,300 $ 1,900 $ 3,800 300 $ $ 7,200 $ 300 $ 1,300 $ 25,000 $141,900 $ 90,700 $259,500 $259,500 $ 18,900 $ 18,900 $273,700 $273,700
Requirement 2. Describe each adjusting entry. For example, a. Prepaid rent expires, $1,150. Select the description that best describes each adjusting entry. The first entry has been completed for you. a. Prepaid rent expired, $1,150. b. ο C. d. e. f. g. h.
Transcribed Image Text:Requirement 2. Describe each adjusting entry. For example, a. Prepaid rent expires, $1,150. Select the description that best describes each adjusting entry. The first entry has been completed for you. a. Prepaid rent expired, $1,150. b. ο C. d. e. f. g. h.
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